Massachusetts, US-based office supply retail chain Staples will shut down 225 stores across North America by 2015 to push its online business and cut costs amid huge revenue losses.
Regions
Vimeo commits $10M fund to films that would be exclusively distributed through Vimeo on Demand
Video distribution platform Vimeo has announced a $10 million fund targeted for filmmakers to distribute their content on Vimeo On Demand exclusively for a certain period of time, TechCrunch reported.
US-based facial expression recognition startup Emotient nabs $6M in funding, launches app for Google Glass
San Diego, US-based facial expression recognition startup nabbed $6 million in a Series B funding round led by Seth Neiman and launched an app for Google Glass to track people's sentiments.
US news site Business Insider raises $12M in round led by Jeff Bezos
New York, US-based news website Business Insider raised $12 million in a funding round led by Amazon chief Jeff Bezos for the expansion of its workforce and subscription service.
US ad-tech startup TripleLift scores $4M in Series A funding to automate native advertising
San Francisco, US-based ad-tech startup TripleLift scored $4 million in a Series A funding round led by True Ventures to expand its workforce and automate native advertising.
Latest News
Sunnyvale, California-based Internet giant Yahoo snapped up Portland, Oregon-based automated graphic design startup Vizify for an undisclosed amount as part of its on-going acquisition spree of design-focused startups.
San Francisco, US-based venture capital firm Founders Fund gathered $1 billion for its fifth investment fund called Founder Fund V which will back startups from various sectors.
Irish startup Boxever which provides an airline-focused personalization platform raised $6 million in a round led by Polaris Partners and joined in by Frontline Ventures, TechCrunch reported.
Indian entrepreneur and angel investor Sashi Reddi is backing Hyderabad-based fast food restaurant chain Hello Curry with INR3 crore from his seed-stage venture fund Sri Capital.
OnDeck, an alternative lending platform for small businesses, secured a $77 million investment in a round led by Tiger Global Management and joined in by its existing investors, TechCrunch reported.
Moscow, Russia-based affiliate marketing and advertisement firm CityAds Media nabbed a $5-million investment from private equity investor Klever Internet Investments in exchange of a minority stake in the ad company.
In its quest to help game makers improve player engagement, GamesAnalytics has changed its name to DeltaDNA and added a self-serve consulting business to its services, VentureBeat reported.
Winnipeg, Canada-based non-profit agricultural organization Canadian International Grains Institute (Cigi) receoved a $1-million investment boost from Regina-based grain-handling firm Viterra Inc to promote Canadian field crops locally and internationally.
AppsFlyer, a mobile analytics startup based in Herzliya, Israel, obtained $7.1 million in its most recent financing round from Pitango Venture Capital and Magma Venture Partners, Globes reported.
